J.P. Morgan analyst Arun Jayaram maintains $Coterra Energy (CTRA.US)$ with a buy rating, and adjusts the target price from $28 to $24.
According to TipRanks data, the analyst has a success rate of 50.6% and a total average return of 8.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Coterra Energy (CTRA.US)$'s main analysts recently are as follows:
Coterra Energy's performance both in the field and financially is noted to be strong. Nonetheless, the company appears to be struggling with its messaging on Mergers and Acquisitions. When addressing a certain unasked question, the company outlined scenarios that would prompt it to 'stretch' regarding acquisitions.
Coterra Energy demonstrated a robust operational quarter, surpassing both its own forecasts as well as market projections in terms of oil and total production volumes, all the while allocating fewer resources to capital expenditure.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
